sgbloss (just above)
You cannot deduct the inv. expense any longer. Not sure when that was done, but it may have been Trump who got rid of it. See my other posts today and follow the examples I posted and the PDFs from the company.
They sold your gold and you owe cap gains or have a loss on that which was sold.
That changes your cost basis by LOWERING it every time they do that, which means you have to adjust your cost basis with each sale. That will reduce a loss you claim or increase your gain. Sounds crazy, but those are the rules. I don't like it either and have been talking to the brokers to work with or push the ETF managers to submit this tax info directly on the 1099 Bs!
Above is IMO... Consult an accountant if needed.
